Justin du Coeur (jducoeur) wrote,
Justin du Coeur
jducoeur

Square -- new frontiers in fraud

Just got the pointer to this video about SquareUp, a new gadget/service that turns your iPhone into a credit card reader, so you can accept credit card payments yourself.
  • First reaction: that's immensely cool and useful, and a major step towards the cashless economy.

  • Second reaction: I don't have enough fingers and toes to count the number of new kinds of crime this is going to facilitate.

  • Third reaction: ... and of course, this *could* just be a clever scam to get lots of bank account routing numbers quickly and easily, and then run for the hills.
I'll be very curious to see what happens...
Tags: technology
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